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BignutzisBack 04/23/24 12:59:38 PM #1: |
$14,000
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DKBananaSlamma 04/23/24 1:05:48 PM #3: |
Stor
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radical_rhino 04/23/24 1:08:43 PM #4: |
How do you plan on getting 20% annual return on your investment?
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Mistere_Man 04/23/24 1:12:03 PM #5: |
radical_rhino posted...
How do you plan on getting 20% annual return on your investment? Could be compound interest. --- Water+Fall=Radiation. ... Copied to Clipboard!
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radical_rhino 04/23/24 1:53:32 PM #6: |
Mistere_Man posted...
Could be compound interest.Yes thats my point --- .____ [____]===0 . . . . Ye olde beating stick. ... Copied to Clipboard!
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Mistere_Man 04/23/24 2:09:10 PM #7: |
radical_rhino posted...
Yes thats my point I apologize I have no idea how any of these things work. --- Water+Fall=Radiation. ... Copied to Clipboard!
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PraetorXyn 04/23/24 2:16:24 PM #8: |
Doubtful. Particularly with inflation taken into account. You really have to beat 7% to even break even with inflation at 7%, for instance.
I have $500 auto-deposited into my Roth IRA every month, and then Ill manually put in $1000 or whatever makes up the difference manually when I get my tax return or some other time, so I hit the max each year. But I dont expect that thing to grow 200% or whatever. --- https://store.steampowered.com/wishlist/profiles/76561198052113750 ... Copied to Clipboard!
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Kuuko 04/23/24 2:25:48 PM #9: |
PraetorXyn posted...
Doubtful. Particularly with inflation taken into account. You really have to beat 7% to even break even with inflation at 7%, for instance.When you look at people estimating annual S&P500 returns you'll see numbers between 7%-12%. Depending on the specific timeframe you pick. And the low side of 7% factors in inflation. So yes roughly 7% is safely your expected "real returns". As much as inflation is talked about now, it's usually more like 3% or less each year. The federal government targets 2%. --- https://i.imgur.com/dzGMd.png ... Copied to Clipboard!
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ai123 04/23/24 2:26:31 PM #10: |
What will $14,000 be worth in 25 years?
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LonelyStoner 04/23/24 2:28:49 PM #11: |
ai123 posted...
What will $14,000 be worth in 25 years?Tree fiddy --- He's all alone through the day and night. ... Copied to Clipboard!
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PraetorXyn 04/23/24 2:39:00 PM #12: |
Kuuko posted...
When you look at people estimating annual S&P500 returns you'll see numbers between 7%-12%. Depending on the specific timeframe you pick. And the low side of 7% factors in inflation. So yes roughly 7% is safely your expected "real returns".Im more just talking about how money buys less over time rather than inflation as it currently works. For example, my parents took out about $34,000 in loans to build their house (which has 3 bedrooms, 2 bathrooms, and a full basement, all cinder block and brick on the outside, best insulated Ive seen) in 1988, and that probably wouldnt even come close to building a starter home now. So its less about the money itself than it is what you can expect to buy with a given amount of money by the time you retire versus what you could buy with it now. --- https://store.steampowered.com/wishlist/profiles/76561198052113750 ... Copied to Clipboard!
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DDP886 04/23/24 2:42:46 PM #13: |
Roth IRA combined with a pension/401k/own savings and parents inheritance = (:
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BignutzisBack 04/23/24 4:36:13 PM #14: |
DDP886 posted...
Roth IRA combined with a pension/401k/own savings and parents inheritance = (: You need to do better than that --- http://i.imgur.com/plA0Vg9.gif https://media.giphy.com/media/dgK22exekwOLm/giphy.gif ... Copied to Clipboard!
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